ITC, RVNL and 4 other Nifty 500 stocks Trading at RSI Levels Below 30 to Keep on Your Radar

Synopsis: 6 Nifty 500 stocks, including Jyoti CNC Automation, Rail Vikas Nigam (RVNL), ITC, Central Bank of India, Natco Pharma, and Britannia Industries, are currently trading with an RSI below 30.

The Relative Strength Index (RSI) is a popular technical indicator used by traders to measure the strength and speed of a stock’s price movement. It ranges from 0 to 100 and helps identify whether a stock may be overbought or oversold.

In general, an RSI value above 70 suggests that the stock has risen too quickly and may be due for a pullback. On the other hand, an RSI value below 30 indicates that the stock may have fallen too much and could see a price recovery. Traders use these levels to spot possible short-term buying and selling opportunities. Here are a few Nifty 500 stocks that are trading below the Relative Strength Index (RSI) Level 30

Jyoti CNC Automation Limited

Jyoti CNC Automation Limited is an Indian manufacturer of computer numerical control (CNC) machine tools headquartered in Rajkot, Gujarat. Founded in 1991, it has grown into one of India’s largest producers of advanced machining solutions, supplying a broad range of industries from aerospace to automotive. It is publicly listed and recognized for integrating artificial intelligence and Industry 4.0 into manufacturing systems.

With a market capitalization of Rs. 13,711.34 crores on Tuesday, the stock closed at Rs. 602.90, with an RSI of 25.71 indicating that it is in the oversold zone, offering the potential for an upside bounce.

Rail Vikas Nigam Limited

Rail Vikas Nigam Limited (RVNL) is a public sector enterprise under the Ministry of Railways, Government of India, focused on the creation and augmentation of railway infrastructure. It plays a key role in expanding the rail network, electrification, and modernization of Indian Railways to improve transport capacity and efficiency.

With a market capitalization of Rs. 50,196.86 crores on Tuesday, the stock closed at Rs. 240.75, with an RSI of 23.39, indicating that it is in the oversold zone, offering the potential for an upside bounce.

ITC Limited

ITC Limited is an Indian diversified conglomerate headquartered in Kolkata, West Bengal. It operates across multiple sectors including fast-moving consumer goods (FMCG), hotels, paperboards and packaging, agribusiness, and information technology. Known for its strong brand portfolio and sustainability initiatives, ITC is among India’s most valuable corporations.

With a market capitalization of Rs. 3,54,834.54 crores on Tuesday, the stock closed at Rs. 283.20, with an RSI of 30.84, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Central Bank of India

Central Bank of India is one of the oldest public sector banks in the country, offering a wide range of banking and financial services to retail, corporate, agricultural, and MSME customers. The bank has been focusing on improving asset quality, strengthening its balance sheet, and expanding digital banking capabilities to drive sustainable growth.

With a market capitalization of Rs. 26,855.51 crores on Tuesday, the stock closed at Rs. 29.67, with an RSI of 21.20, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Natco Pharma Limited

Natco Pharma Limited is an Indian multinational pharmaceutical company known for producing affordable generic medicines and specialty pharmaceuticals. It plays a significant role in oncology, hepatitis C, and cardiovascular treatments, with a focus on cost-effective therapies and active pharmaceutical ingredients (APIs).

With a market capitalization of Rs. 16,820.21 crores on Tuesday, the stock closed at Rs. 939.10, with an RSI of 28.34, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Britannia Industries Limited

Britannia Industries Limited is one of India’s oldest and most recognized food companies, headquartered in Kolkata, West Bengal. Established in 1918, the company is a leading manufacturer of biscuits, bakery items, and dairy products, operating as part of the Wadia Group. Its products are sold in over 80 countries, making it a major player in India’s fast-moving consumer goods (FMCG) sector.

With a market capitalization of Rs. 1,23,324.57 crores on Tuesday, the stock closed at Rs. 5,120, with an RSI of 26.70, indicating that it is in the oversold zone, offering the potential for an upside bounce.

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